February 2015

CQS technology holdings acquires Probe MMX audit methodology

We are pleased to announce that CQS Technology Holdings has completed the acquisition of the Probe MMX Audit Methodology.

The acquisition stems from a 20 year partnership with ProBeta, where the focus was on building a product together that enabled compliance in the most efficient manner. The success of this partnership is evident in the 1 000+ practices that use Probe to audit and review their engagements. The Probe team will continue to be involved, with Henk Heymans closely involved in a product advisory capacity.

The audit and technology industries are both at exciting points and this acquisition will allow us to extend and add depth to audit solutions ensuring we deliver on quality, efficiency, and value to our clients.

Looking ahead, we are excited about the prospects as we combine the talents and technologies of both CQS and Probe.

About CQS

Established in the early nineties, CQS Technology Holdings is one of South Africa’s leading software houses specialising in the design, development and deployment of software solutions for financial professionals. CQS provides a full range of professional services and “best of breed” solutions to nearly 4,000 customers spanning Audit, Risk Management and Corporate Performance Management. We employ nearly 200 highly qualified and skilled people. The delivery capability of this team is focused on supplying quality products and services to our clients. This team, combined with state-of-the art infrastructure, allows us to provide clients with innovative solutions for diverse technology requirements. We provide a complete solution consisting of software, implementation and training, using proven best practice methodologies focused on providing an optimal return on investment.

About Probe MMX

Probe MMX is a complete risk-based Audit Tool Set that enables you to electronically manage the entire audit from planning to review stage.

It is the most widely used methodology in South Africa and is designed to streamline engagements by increasing efficiencies, giving more control and guaranteeing compliance with the International Audit, Review and Related services Standards.